Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Investors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.Marketsread more
Canaccord Genuity's Tony Dwyer warns that If the Fed fails on Wednesday to signal a rate cut, the June rally could hit the skids.Trading Nationread more
Elon Musk has said that a brain-computer interface is 'coming soon,' but he is known for overly ambitious deadlines. Still, some of the boldest tech ideas are going to be...Technology Executive Councilread more
The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.Bondsread more
Andy Jassy, the CEO of Amazon Web Services, followed Apple's lead in calling the for the retraction of Bloomberg's story about spy chips being embedded in servers.
"They offered no proof, story kept changing, and showed no interest in our answers unless we could validate their theories," Jassy wrote in a tweet on Monday. "Reporters got played or took liberties. Bloomberg should retract."
Apple CEO Tim Cook told Buzzfeed on Friday that the scenario Bloomberg reported never happened and that the October story in Bloomberg Businessweek should be retracted. Bloomberg alleged data center hardware used by Apple and AWS, and provided by server company Super Micro, was under surveillance by the Chinese government, even though almost all the companies named in the report denied Bloomberg's claim.
Bloomberg published a denial from AWS alongside its own report, and AWS refuted the report in a more strongly worded six-paragraph blog post entitled "Setting the Record Straight on Bloomberg Businessweek's Erroneous Article."
The Bloomberg story said that servers from Super Micro in AWS Beijing data centers contained malicious chips, which were also found in servers from Elemental Technologies, a company AWS acquired.
"There are so many inaccuracies in this article as it relates to Amazon that they're hard to count," Steve Schmidt, chief information security officer at AWS, wrote in the post.
Also on Monday, Super Micro told shareholders that it sent a letter to customers informing them that it's conducting a "complicated and time-consuming review to further address the article" even as it lacks proof of the sort of malicious chips that Bloomberg had described.